3/26/2023 0 Comments Illegal conveyance![]() Violation of ‘agreement T&Cs’ can result in a suit for damages only. The rights and liabilities are transferred to the buyer instantly. Rights and obligations remain with the seller. Risks are not transferred even after the execution of this document It is a document which signifies immediate effect of the transfer. It only implies ‘future transfer’ of property. The sale deed ensures that the title of ownership is transferred from the seller to the buyer in return of a valid consideration.īelow are the main differences of these two important property documents Sale Agreement.If the payment is one shot (single payment), then Agreement to sale often becomes the Absolute Sale Deed. The Deed of Sale is based on the ‘Sale agreement’ (if any).This can be done through the execution of a Sale Deed. However, if the property is transferred through the contract – it is called Sale.Execution of ‘Sale Agreement’ document does not lead to ‘transfer of title of property’.If the property’s transfer is on a future date and subject to further terms and conditions – it is called Agreement to Sell.“An agreement to sell is not equivalent to a sale deed of the same property.” The distinction between these two documents is not widely known and both are regarded as synonymous. Sale agreement and Sale deed are two such important documents. The selling or purchase of real-estate property titles is a prerequisite for ‘Transfer’, these transactions are well regulated by certain binding documents. There are certain important documents required to be executed between buyer and seller in order to complete the process. ![]()
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